Commodity broker vs foreign exchange trader

The differences between commodity brokers and foreign exchange traders can be seen in a few details. Each job has different responsibilities and duties. Additionally, a foreign exchange trader has an average salary of $115,133, which is higher than the $63,317 average annual salary of a commodity broker.

The top three skills for a commodity broker include commodities, market analysis and risk management. The most important skills for a foreign exchange trader are manage risk, equities, and foreign exchange products.

Commodity broker vs foreign exchange trader overview

	Commodity Broker	Foreign Exchange Trader
Yearly salary	$63,317	$115,133
Hourly rate	$30.44	$55.35
Growth rate	10%	10%
Number of jobs	1,937	17,829
Job satisfaction	-	5
Most common degree	Bachelor's Degree, 77%	Bachelor's Degree, 77%
Average age	43	43
Years of experience	-	-

Commodity broker vs foreign exchange trader salary

Commodity brokers and foreign exchange traders have different pay scales, as shown below.

	Commodity Broker	Foreign Exchange Trader
Average salary	$63,317	$115,133
Salary range	Between $39,000 And $102,000	Between $66,000 And $199,000
Highest paying City	New York, NY	New York, NY
Highest paying state	New York	New York
Best paying company	ICAP	Paul Hastings
Best paying industry	Finance	Finance

Differences between commodity broker and foreign exchange trader education

There are a few differences between a commodity broker and a foreign exchange trader in terms of educational background:

	Commodity Broker	Foreign Exchange Trader
Most common degree	Bachelor's Degree, 77%	Bachelor's Degree, 77%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Commodity broker vs foreign exchange trader demographics

Here are the differences between commodity brokers' and foreign exchange traders' demographics:

	Commodity Broker	Foreign Exchange Trader
Average age	43	43
Gender ratio	Male, 82.6% Female, 17.4%	Male, 79.6% Female, 20.4%
Race ratio	Black or African American, 5.7% Unknown, 4.1% Hispanic or Latino, 12.0% Asian, 9.8% White, 68.2% American Indian and Alaska Native, 0.2%	Black or African American, 5.5% Unknown, 4.1% Hispanic or Latino, 11.4% Asian, 12.3% White, 66.4% American Indian and Alaska Native, 0.2%
LGBT Percentage	6%	6%

Differences between commodity broker and foreign exchange trader duties and responsibilities

Commodity broker example responsibilities.

Manage and execute physical/financial grains book as well as base metal arbitrage portfolio.
Trade on the NYFE, CME, and CBOT exchanges.
Provide research and analysis of prospective exchange trade funds for listing on the AMEX.
Support the firm's compliance director with records verification pertaining to audits, inquiries, and questions concerning NYSE floor operations.
Reorganize the UBS NYSE floor structure utilizing state-of-the-art technology and consolidating booth spaces.
Solicit profitable freight brokerage business by marketing transportation capability via direct sales calls, telephone and direct mail marketing activity.

Foreign exchange trader example responsibilities.

Manage overall risk for FX online dealer during Asia shift.
Communicate with brokers to ensure accurate allocations for futures, foreign exchange, and equities between separately manage accounts.
Experience using Bloomberg, Reuters, and FX trading platforms.
Display subject matter expertise in Reuters, Bloomberg, EBS, and various foreign exchange platforms.
Use of Reuters, CQG and Knight-Ridder computer services.
Validate transaction and trading details with international banks and multiple ECN trading platforms.

Commodity broker vs foreign exchange trader skills

Common commodity broker skills

Commodities, 17%
Market Analysis, 8%
Risk Management, 5%
Technical Analysis, 4%
Client Accounts, 4%
NFA, 4%

Common foreign exchange trader skills

Manage Risk, 35%
Equities, 17%
Foreign Exchange Products, 12%
Foreign Currency Transactions, 8%
Technical Analysis, 3%
Fundamental Analysis, 2%

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Commodity Broker vs Foreign Exchange Trader

Updated January 8, 2025

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